Despite New York City's tough reputation, it appears to have been out-negotiated by Virginia's Arlington County in the 238-city frenzy to snare Amazon's HQ2. That heated competition ended with the announcement Tuesday of two winners for the $5 billion development prize. Each location will get 25,000 jobs with six-figure salaries. Arlington promised $550 million in subsidies for its, while New York will shell out three times that amount. New York state is kicking in $1.5 billion in direct tax credits, $10 million in job-training costs and -- as skeptical Twitter users noted -- the cost of a corporate helipad for the Long Island City site. "Incentives are highly contentious today, but we call them a necessary evil," said John Boyd, principal at the Boyd Co., a site-selection firm that advises companies and municipalities. He pointed out that Amazon passed up a nearly $8 billion subsidy package just across the river in Newark, New Jersey, in favor of Long Island City, in the New York … [Read more...] about Can New York make back its Amazon investment?
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POLITICS 11/13/2018 01:49 pm ET Now, some of the same elected officials are outraged by the $2 billion in subsidies the company is getting to set up shop. By Daniel Marans The vast majority of elected officials in New York City signed a letter to Amazon CEO Jeff Bezos in October 2017 inviting the mega-company to locate its second headquarters ― “HQ2” ― in the five boroughs. “As the most dynamic and diverse city in the world, New York City will help propel Amazon’s future growth and kickstart an exciting new chapter in the company’s history,” New York City’s then-public advocate, borough presidents, representatives in the U.S. House and state legislature, and city council members argued in their letter to Bezos. “And we know that, no matter which city neighborhood it might choose for its new headquarters, Amazon will be a strong contributor to our civic and commercial life.” The letter focuses exclusively … [Read more...] about New York City Politicians Welcomed Amazon In 2017 Letter To Jeff Bezos
Updated 12:58 pm PDT, Wednesday, September 26, 2018 FILE- In this March 27, 2018, file photo the Cadillac emblem is shown on the from grill of its XT4 at the New York Auto Show. General Motors is moving its Cadillac brand headquarters from New York City back to Michigan, four years after heading to the big city to become more cosmopolitan. less FILE- In this March 27, 2018, file photo the Cadillac emblem is shown on the from grill of its XT4 at the New York Auto Show. General Motors is moving its Cadillac brand headquarters from New York City back to ... more Photo: Mark Lennihan, AP Photo: Mark Lennihan, AP Image 1 of / 1 Caption Close Image 1 of 1 FILE- In this March 27, 2018, file photo the Cadillac emblem is shown on the from grill of its XT4 at the New York Auto Show. General Motors is moving its Cadillac brand … [Read more...] about Cadillac brand will return to Michigan from New York
Viet Nam News NEW YORK — David Bowie has taken over a subway station in his adopted home of New York, with images of the rock legend plastered throughout and commemorative fare cards issued in his honour. Concert photos figure on the walls and his giant black-and-white likeness appears at the track entrance of the Broadway-Lafayette station, a short walk from where the London-born rocker lived his final years. The art installation is sponsored by streaming company Spotify and will be in place until May 13 as a tie-in to the exhibition David Bowie is at the Brooklyn Museum. The exhibition, which opened at the Victoria and Albert Museum in London, has traveled across a dozen cities with New York scheduled to be its final stop. Bowie’s death in 2016 from an undisclosed battle with cancer stunned the music world. He lived more than 20 years in New York which he first visited to seek out his hero Andy Warhol and later to soak up American soul music and star on Broadway. … [Read more...] about Bowie’s New York subway station turns into museum to him
Conor McGregor has turned himself in to police following a backstage melee at a UFC event in New York. The NYPD were keen to speak to the Irish fighter after footage emerged that appeared to show him throwing a railing at a rival's bus during an unannounced appearance at a press conference in Brooklyn on Thursday.McGregor was caught on camera with a group of people in a loading dock at the Barclays Center before targeting the vehicle, which was carrying long-time rival Khabib Nurmagomedov and a number of other UFC fighters.People were seen in the video attempting to restrain McGregor, with some managing to stop the bus from being hit by various missiles, including bins.Clips from a video shot inside the vehicle showed an object hitting and cracking the windshield.Lightweight Michael Chiesa reportedly suffered a cut to his forehead during the altercation, which UFC President Dana White described as "the most disgusting thing that's ever happened in the history of this company". … [Read more...] about Conor McGregor turns himself in after altercation at UFC event in New York